Newsteer advised Sainsbury’s on its £430.9 million buyout of the 24-store Highbury and Dragon foodstore portfolio from Supermarket Income REIT.
The client’s challenge
A transaction of this scale required specialist foodstore underwriting to assess the portfolio’s occupational and property fundamentals alongside the investment terms.
Our solution
Newsteer provided specialist foodstore advice to support Sainsbury’s assessment and underwriting of the 24 assets.
Beyond advice: how we added value
The team brought detailed sector knowledge to the portfolio analysis, helping translate individual store characteristics and occupational considerations into a coherent transaction view.
Outcomes and impact
Sainsbury’s completed the £430.9 million buyout of the 24-store portfolio.
